FBS Review – is FBS Scam or Legit Broker?

FBS

2.9

Rating

2.9/5

Pros

  • Demo Trading Account
  • 3-5 money pairs, including metals, CFDs and crypto
  • Full Licensing and Regulation with IFSC and CYSEC
  • MetaTrader 4 along with MetaTrader 5 to Mac, Windows, iOS along with Android

Cons

  • A Little Bit Clunky to Navigate to Desired Sections
  • Sourcing the Right Information Is Only a Little Difficult Online
  • Not Easy to Understand Unique Benefits/Merits of Each Account Type

FBS could be the name of this Forex broker which trades under FBS Markets Incorporated. The business ‘s registration number is 119717, also it’s fully governed by the Cyprus Securities and Exchange Commission (331/17) and also IFSC (permit #IFSC/ / 60/230/TS/ / 17). This Forex brokerage delivers a vast selection of currency pairs, and higher leverage on certain account (1:3,000), completely free deposit insurance policy, thorough payment systems, and also very low hazard balances for novice traders. At profits of trading money pairs together with FBS would be the next:
* There are no requotes
* High leverage of 1:3,000
* All reports have been offered to 5 digits
* All commissions are all insured by FBS
* Traders love 24/7 professional assistance
* EAs and Expert trading approaches allowed

Overview/ desktop

FBS is actually a fully licensed and regulated Forex trading brokerage. It’s controlled by FBS – a trading thing of several businesses including Tradestone Limited (Number 353534), Parallax Inc (#VC0100), and also FBS Markets Inc (Number 119717). This Forex brokerage is fully licensed and governed by multiple jurisdictions including IFSC (International Financial Services Commission) of Belize. The IFSC permit #is IFSC/60/230/TS/17. FBS can also be fully licensed and governed by the Cyprus Securities and Exchange Commission (CYSEC) using permit #331/17 to supply a real income Forex Currency trading solutions to legal era traders around Europe.

FBS provides multiple currency pairs including majors, minors and exotic pairs for people in most completely controlled authorities. Back in Japan, Thailand, Myanmar, along with Brazil that the Services Offered by FBS is obtained through Parallax Inc.. The trading tools supplied via this brokerage include contracts for difference (CFDs), metals, and even Forex pairs. The Forex pairs Incorporate multiple monies like the AUD/USD, BTC/USD, EUR/USD, EUR/AUD, EUR/CAD, EUR/CHF, AUD/CHF, CAD/CHF and heaps of other folks.

Account Types

There are multiple account types in FBS, each offering different dictate reductions, marketplace executions or maximum available places along with pending orders. The 6 accounts kinds comprise the next:

  1. Cent Account – dictate drops starting at 0.01 through 1000 penny lots and marketplace executions out of 0.3 sec STP. The utmost open places and also impending orders payable is 200.
  2. Micro Account – arrange drops from 0.01 through 500 lots and marketplace executions of 0.3 sec STP. The utmost open places and also impending orders payable is 200.
  3. Standard Accounts – dictate drops starting at 0.01 through 500 a lot of marketplace executions starting at 0.3 sec, STP. The utmost open places and also impending orders payable is 200.
  4. Zero Spread Accounts – dictate drops starting at 0.01 through 500 lots with marketplace executions out of 0.3 sec, STP. The Utmost open places and also impending orders permissible is 200
  5. Unlimited Accounts – together with order amounts from 0.1 to 500 tons with short-term marketplace executions without trading limits.
  6. ECN Accounts – dictate drops starting 0.1 through 500 lots with ECN marketplace executions without trading limits.
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With respect into account types, a few 3-5 money pairs have been encouraged including 4 cryptocurrencies, two CFDs, along with 4 alloys. The single real exception for that is your ECN accounts type.

Trading Platform/ applications

The FBS trading platform comprises MetaTrader 4 and also MetaTrader 5. All these are ideally suitable for Forex traders using Windows or Mac. In addition, the MetaTrader software is fully appropriate for iOS along with Android apparatus so you are able to trade out of any smartphone tablet computer or phablet. The trading platform can readily be downloaded via the programs, also there are numerous features inherent from the MetaTrader programs.

For instance, MetaTrader 4 supplies a few 4 1 tools for example futures, CFDs and money pairs. Additionally, there are reduced spreads, both EAs and 1-click functionality. The computer software also lets users make use of a similar username/password combo. MetaTrader 5 features comprise calculating functionality, micro-lot reports, VPS service support, as well as hedging. Forex traders need to download applications such as Windows, iOS, Android, WebTrader, multi-terminal, or even Mac systems.

Deposit options

Deposit options comprise a multitude of neighborhood payment methods like Visa, MasterCard, Skrill, Bitcoin from Skrill, Perfect Money, Astropay, cable transfer, along with NETELLER. All residue options are ensured secure, as a result of stable socket layer technology and also the maximum encryption protocols. Once you’re all set to earn a deposit, then only log in your accounts and browse into the cashier. It’s possible to get a deposit on your forex, and also the deposit amount will be converted into USD/EUR dependent on the established exchange rate. To produce a deposit, then browse into a private area during the financial surgeries category. Deposits which is created via EPS are immediately processed, though other payment processing approaches usually take as many as two hours during business hours. The most period for you to process a deposit via electronic payment systems would be 48 hours from the moment of its own production. Wire transfers may take around seven business days to process.

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Markets

The marketplaces have been divided into three broad classes including Forex, metals, along with CFD trading. There are additional marketplaces including cryptocurrency trading including as for example Ethereum, Dash, Bitcoin etc.. There are a few 3-5 money pairs, 4 cryptocurrencies, two CFDs4 and 4 alloys which traders may enjoy.

Currency pairs comprise: AUD/CAD, AUD/CHF, USD/JPY, USD/EUR, GBP/USD and many others. In general, you can find numerous dozen Forex pairs including majors, minors and exotic money pairs.

Metals trading: Metals consist of palladium, platinum, XAG/USD along with also others. All these are traded with nominal spreads along with many different elements are comprised like prevent amount, swap short, swap, and also the common spread.

CFD trading: This consists of BRN, DAX 30, WTI yet also others.

Bonuses

There are dozens of bonuses and promotional supplies now offered by FBS. These incorporate a $50 incentive to trade Forex without a deposit needed. Traders will possess leverage 1:500 to enhance their trading actions. To make up for this incentive, the complete registration is required. There are additional promotional supplies out there. These contain the subsequent:

  • A 100% deposit bonus
  • Promotional substances made to Improve Your trading achievement

Other supplies incorporate the Bonus $1 2 3 that offers ‘7-day bonus trading’ with infinite benefit potential and boundless accessibility. No confirmation or contact details will be necessary with this incentive. There are cashback supplies offered to Forex traders, also FBS is your only real provider of cash-back services. The bonus level is left up to 15 USD a lot traded and there’s an infinite incentive trading span, boundless benefit potential, no expiry with this particular promotional offer. There are quite a few different bonuses available, and so they may be discovered under the Promotions tab, recorded from the Promotions & Bonuses Category.

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Customer Support

Customer service is accomplished by calling the FBS service representatives thanks to live-chat functionality. Simply make use of the Zendesk live chat service option to consult your questions and they’ll respond for you in real-time, even during working hours. Other service options incorporate interpersonal networking on YouTube, Twitter, along with Facebook. You will find also contact us options on the footer of every web page, for example WeChat, Messenger, along with Telegram. These interactive communication stations ensure rapid response times from courteous and professional customer care agents. Other contact options readily available to traders consist of local offices, live chat, and call back functionality. FBS agents are available across the world, such as Egypt, China, Korea, Thailand, Malaysia, Turkey, Thailand, Indonesia etc..

Safety

Safety is ensured in any way times, as a result of stable socket layer technology, encryption, accounts verification, and so on. All of deposit/withdrawal options are fully guaranteed secure and safe, a lot of like online banking trades.

Ease of Use

FBS broker is relatively user friendly, however, you’ll need to understand the intricacies of working with the stage. By clicking onto the major three flat lines onto the side of your monitor, you’re going to have the ability to get into general advice, financials, trading tools, trading platforms and trading requirements, enterprise data, promotional supplies, analytics & education, along with company specifics. The supply of demo trading accounts and real currency trading account provides traders with the essential tools and tools to be successful in online Forex trading.

Final Thoughts

FBS broker is a major European online Forex broker with heaps of money pairs, cryptocurrency, metals, CFDs along with additional options out there. Security and safety is on top of the schedule, and customers will see all the vital checks and balances set up. If you ever require support and service, then you may readily reach them via societal networking, email, livechat (Zendesk) along with also other options. They’re exceptionally tuned in to Forex trader inquiries, and also do their utmost to supply prompt and expert support.

Internet Site:
https://fbs.com/
Telephone:
096-159-0924
Legislation:
CySEC
Pairs provided:
3-5 currency pairs such as Majors, Minors and Exotic pairs
Minimum Deposit:
$250
Spreads From:
1 PIPs
Max Leverage:
400:1
Markets:
Metals, CFD, CRYPTO along with FX